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Oct 4, 2012
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could be good news for president obama. keep those gas prices in the swing states low, mandy. >> absolutely. that's what counts. >>> so, mitt romney celebrating today after what many are calling a big victory in last night's debate. the market has been paying very close attention, as you could imagine, to the race with many already pricing in an obama victory. so what does a romney resurgence mean to your money? joining us now, paul hickey, co-founder of the spoke investment group and on the back of the way the people perceived the debate last night, we're seeing a little bit of reaction in certain sectors for the potential after romney win. but i want to know what you think is going to be a winner. >> i think a romney win, one area that would benefit -- medical device companies. there is hope if romney's elected and repeels the affordable care act, then the device tax will be repealed helping out these companies. that tax will pretty much go right down to their bottom line if it is taken away. so that's a nice 3% to 5% ben
could be good news for president obama. keep those gas prices in the swing states low, mandy. >> absolutely. that's what counts. >>> so, mitt romney celebrating today after what many are calling a big victory in last night's debate. the market has been paying very close attention, as you could imagine, to the race with many already pricing in an obama victory. so what does a romney resurgence mean to your money? joining us now, paul hickey, co-founder of the spoke investment...
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Oct 4, 2012
10/12
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and for the democrats, well, obama may have been rusty in the debate. he wasn't hurt too badly. we'll see how it plays out. but i think this was a strong night for mitt romney. we have three more debates to go. one with the vice-presidential candidates. two at the top of the ticket. and if you can keep this going, he may do himself some good. >> carl, you've been watching in trade. we saw an move in up in trade, the betting on obama versus romney. it actually -- >> about 9% down on the president. >> and up to 26% on governor romney. actually, larry kudlow with us as well. >> maria? >> yes, john? >> i want to say, i think you were right about the president being on the defensive. one of the things that came out of the two conventions is that the democrats, bill clinton helped president obama in this, shifted this from a referendum election on president obama's performance to a choice election. i think this -- the effect was to pull it back to a referendum election and put president obama on the defensive. he's the one with the record. and the american public is not in a great moo
and for the democrats, well, obama may have been rusty in the debate. he wasn't hurt too badly. we'll see how it plays out. but i think this was a strong night for mitt romney. we have three more debates to go. one with the vice-presidential candidates. two at the top of the ticket. and if you can keep this going, he may do himself some good. >> carl, you've been watching in trade. we saw an move in up in trade, the betting on obama versus romney. it actually -- >> about 9% down on...
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Oct 23, 2012
10/12
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debate with president obama so what are you talking about? >> he said that he would not lower rates on wealthier people. >> but it's right. no net increase in revenue on people. >> he will not raise revenue, which is what simpson-bowles, rivlin-domenici and the gang of six in the senate agreed. >> neither side has picked it up, the frustration that a plan like bowles-simpson has not put forth. >> not true. >> how so? >> i served on the supercommittee, i know this, i know exactly what stopped that committee from being able to get a deal. >> which one? >> we had major transformation in entitlements, a major proposal from 1.3 trillion to 600 to 300 billion. they wouldn't even agree to $300 billion of revenue so it was impossible to get an agreement because they were terrified of grover forquist the lobbyist who might run somebody against them in the primary. i'm telling you the truth that's what happened. >> i thought between the end it was between boehner and president and they were close to a deal. there are different sides on what happened. i
debate with president obama so what are you talking about? >> he said that he would not lower rates on wealthier people. >> but it's right. no net increase in revenue on people. >> he will not raise revenue, which is what simpson-bowles, rivlin-domenici and the gang of six in the senate agreed. >> neither side has picked it up, the frustration that a plan like bowles-simpson has not put forth. >> not true. >> how so? >> i served on the supercommittee, i...
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Oct 16, 2012
10/12
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plus president obama and mitt romney will be squaring off in the second presidential debate tonight. this is a town hall format. both sides say their candidate is ready. >> mitt's prepared. mitt's confident. mitt's got a good presence about him. >> i'm smiling, i'm giving a thumbs up if he can see it. i assume that he can, so i make sure that i'm always giving him that positive love. >> john harwood will join us onset in just a few minutes with a preview. in fact he's standing right over here. first, though, let's get to the morning top stories. >> united healthcare is reporting, $1.50 a share is pretty good about that well above the estimate of 1.34. united healthcare is also forecasting full year 2012 net of 5.20 to 5.25. with that 16 cent beat in the third quarter, it should make it easier to hit those numbers even without any increase in where the fourth quarter is. the medical care ratio, consolidated care ratio, 79% in the period. third quarter revenue was 27.62 billion. not bad on the first call side. company earned -- or had 27.62 in revenue. so all in all, looks like a prett
plus president obama and mitt romney will be squaring off in the second presidential debate tonight. this is a town hall format. both sides say their candidate is ready. >> mitt's prepared. mitt's confident. mitt's got a good presence about him. >> i'm smiling, i'm giving a thumbs up if he can see it. i assume that he can, so i make sure that i'm always giving him that positive love. >> john harwood will join us onset in just a few minutes with a preview. in fact he's standing...
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Apr 3, 2012
04/12
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when you put him on a stage against barack obama to debate how to grow the economy, it will be the difference between someone who as grown the economy and somebody who read it in a magazine. >> we're not going to know what the supreme court thinks about the health care law until june. some people on the front of the wall street journal are guessing they're on the defensive, trying to prevent this rule or law from getting struck down. there is a school of thought of people who believe that if it is struck down that, that will really motivate president obama as base and that will be a really tough thing to go up again in the election. what do you think about that? >> i haven't spent a lot of time doing the political calculation and i don't know the answer. i believe on two fronts -- i think it's us constitutional and i think it bad public policy for example, franchises, who are scared to death of the heck law, they done fully understand what it means and hieven the lawyer can't tell them because the rule hasn't been written. they're saying let me go part time, cut back on hiring be and not expa
when you put him on a stage against barack obama to debate how to grow the economy, it will be the difference between someone who as grown the economy and somebody who read it in a magazine. >> we're not going to know what the supreme court thinks about the health care law until june. some people on the front of the wall street journal are guessing they're on the defensive, trying to prevent this rule or law from getting struck down. there is a school of thought of people who believe that...
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Oct 2, 2012
10/12
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has now entering the debates against george w. bush. he had a reputation as a strong debater. his body language was off, he was condescending to bush. bush was surprisingly well performed and personable. you had the bush campaign take advantage of some mistakes that gore made in the debate. and they really drove a story. cheney beat lieberman in the vice presidential debates. all those things came together and political scientists call it a wave effect. cause out with bush ahead a few points. >> couldn't you just say for an idiot, he was surprisingly well inform informed in say what you're feeling. >> i've never thought bush was an idiot. >> why would you say surprisingly well informed? he was governor for -- he had a higher grade point average than al gore. >> because bush had a reputation -- >> with who? >> among people who cover him and among-mf. >> the media, you mean? >> a significant portion of the american people. >> i'm playing with you. i read what you tweeted, that you're ready for some debating with morning joe and at s
has now entering the debates against george w. bush. he had a reputation as a strong debater. his body language was off, he was condescending to bush. bush was surprisingly well performed and personable. you had the bush campaign take advantage of some mistakes that gore made in the debate. and they really drove a story. cheney beat lieberman in the vice presidential debates. all those things came together and political scientists call it a wave effect. cause out with bush ahead a few points....
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Mar 13, 2012
03/12
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two years after president obama signed the affordable care act into law the health care reform debate is at a crossroads. we are waiting on the outcome of an important supreme court ruling this summer. as we head into the election next fall, cnbc's hampton pearson joins us with a look at the road ahead. hi, hampton. >> good morning, becky. in two weeks the supreme court justices planned an unprecede unprecedented three days of arguments on the challenge obama care is unconstitutional. their primary target the individual mandate requiring everyone to get health insurance or pay a penalty. it is the linchpin of the affordable care act. it was the promise of 40 million additional customers, americans who are currently uninsured, that got tok tors, hospitals, the pharmaceutical industry, and health insurers to the bargaining table. but if there's no mandate, much of the market incentive for a top down federal government reform plan goes away. supreme court options include severing the individual mandate, upholding the entire law, are ruling up or down on a major medicaid expansion, or del
two years after president obama signed the affordable care act into law the health care reform debate is at a crossroads. we are waiting on the outcome of an important supreme court ruling this summer. as we head into the election next fall, cnbc's hampton pearson joins us with a look at the road ahead. hi, hampton. >> good morning, becky. in two weeks the supreme court justices planned an unprecede unprecedented three days of arguments on the challenge obama care is unconstitutional....
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Oct 9, 2012
10/12
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but the next debate is going to be very tough. i think obama is under a lot of pressure. now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by the obama administration. >> i know ken has a question for you, but my only thought on this whole thing is, i don't know that i buy that 7.8% number. i don't think that's real. i don't know that it was politics necessarily. >> nobody buys it. >> he's saying it's the numbers given to the bls by the obama administration. there's a lot of assumptions. obama care, the cbo, you can't impugn the cbo for coming up with $1 trillion for obama care. it was the numbers they got, double counting taxes, all of these bells
but the next debate is going to be very tough. i think obama is under a lot of pressure. now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it...
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Mar 23, 2012
03/12
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. >> we have a debate coming up at 8:30 in which we're going to talk about this issue of has the obama administration kept oil -- federal lands from the oil companies? obama administration says they put 50 million acres out there unused, 7,000 drilling permits unused. oil industry says we can't get to the places we want to get at. what's the reality? >> the reality is it's a mixed picture, it usually is. i will say there was a lease sale in december, first one since the one for the western gulf of mexico and that was pretty successful. there was a bid from conoco phillips for over $100 million. the fact is the five-year plan the obama administration did draw up to succeed the one that expires this year does keep a lot of things out of limits that they had originally thought at the end of the bush administration would probably be in. i would say this to the oil industry, you can't go to any oil sector meeting, oil industry meeting and hear them not complain about a lack of engineers, pet trollem engineers and lack of geologists, et cetera. if all this land was open, i wonder if they'd h
. >> we have a debate coming up at 8:30 in which we're going to talk about this issue of has the obama administration kept oil -- federal lands from the oil companies? obama administration says they put 50 million acres out there unused, 7,000 drilling permits unused. oil industry says we can't get to the places we want to get at. what's the reality? >> the reality is it's a mixed picture, it usually is. i will say there was a lease sale in december, first one since the one for the...
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Sep 25, 2012
09/12
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should be down at least 10 to 12 points based on his performance. >> i've seen steve kroft interview obama a couple times. if you want to grill him from the left and say you haven't followed through on you will at things that the left wanted, you've been a disappointment from the left, that's what you get. think if he was interviewed by someone from a conservative. >> i thought steve kroft it okay. >> did he say it's not what you haven't been able to do, it's what you did do? >> i think steve kroft is terrific, but i to think mitt interview because tougher. >> it's cbs. i heard nothing about -- are you responsible for some of the divisiveness? the way obamacare was handled the first year and a half when the economy's obviously the thing you should have been focusing on, what ushered in the tea party in 2010? >> he had all the of the cards on his side. all of the votes, key have gotten whatever he wanted. all of the tax things passed. instead he focused on obamacare and now he complain that's can't get anything passed. >> the intro with republicans have stood in your way oefrg you've tried
should be down at least 10 to 12 points based on his performance. >> i've seen steve kroft interview obama a couple times. if you want to grill him from the left and say you haven't followed through on you will at things that the left wanted, you've been a disappointment from the left, that's what you get. think if he was interviewed by someone from a conservative. >> i thought steve kroft it okay. >> did he say it's not what you haven't been able to do, it's what you did do?...
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Jun 5, 2012
06/12
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i guess schwartz went there but obama won handily in washington. he doesn't want to get on either side of this debate because some independents helped him there and they might not be anti-scott walker. >> donald last week on the program we talked about the birther issue, it became another media fire storm. we actually talked to governor romney about your views and his views on your views about that issue and i wanted you to take a listen to this for a quick second and react. >> i disagree with it. i think there's no question but the president was born in the united states of america. i don't go around telling all my supporters what they should think or what they should say but he knows what i believe about this. i believe the real issues in this campaign and the issues that america cares about are not issues of the president's personality or matters of that nature. >> donald, so should we end this? >> no, he is entitled to his view and i think that's great. look, i made the keynote speech in north carolina this weekend. the biggest applause was whe
i guess schwartz went there but obama won handily in washington. he doesn't want to get on either side of this debate because some independents helped him there and they might not be anti-scott walker. >> donald last week on the program we talked about the birther issue, it became another media fire storm. we actually talked to governor romney about your views and his views on your views about that issue and i wanted you to take a listen to this for a quick second and react. >> i...
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Feb 1, 2012
02/12
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. >> how would he fare against president obama in the general election? we'll have a bipartisan debate with representatives fredricka wilson and connie mack. >>> we're counting down to jobs friday, an early read at 8:15 eastern with the adp employment report. the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc, first in business worldwide, i'm joe kernen along with becky quick and andrew ross sorkin. u.s. equity futures are back up to 9 0, 91 points above fair value and that adds to a great january. at least on the open. and i guess there's some, it's once again, things that happen in europe, he guess some funding italy went well. >> this was china, too. >> but whatever it is, we've got different reasons every day for the slow, steady move that we've seen in the averages. >> i'm i'll take the march higher any day. in our headlines this morning, watch shares of amazon.com at the open. the company's fourth quarter revenue falling $1 billion short of expectations. we talked about it last hour. net income fell sharpl
. >> how would he fare against president obama in the general election? we'll have a bipartisan debate with representatives fredricka wilson and connie mack. >>> we're counting down to jobs friday, an early read at 8:15 eastern with the adp employment report. the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc, first in business worldwide, i'm joe kernen along with becky quick and andrew ross sorkin. u.s....
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Aug 14, 2012
08/12
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let's separate the debate on health care. the question is what can we do to get the right tax incentives for manufacturers. >> one of the industries we can still manufacturer, medical devices? >> i don't think the obama care -- >> you called it that even though you're in the administration. >> i think the universal health care has, does not -- >> you're humoring me, ro. i no know that. >> you're aware that the big incentive for medical devices is ireland, not the united states, and it's partly -- >> going to get worse. >> -- because of the low tax rate and well educated workforce. this administration is granting waivers so high schools don't have to teach as much math and science. it's totally inconsistent with your manufacturing policy. >> ro was only in commerce. >> i think the administration has emphasized stem education, vocational education, but my point is let's take the politics out of the manufacturing agenda. this is in the national interest just like it was to beat the soviet union, you need to compete with china af
let's separate the debate on health care. the question is what can we do to get the right tax incentives for manufacturers. >> one of the industries we can still manufacturer, medical devices? >> i don't think the obama care -- >> you called it that even though you're in the administration. >> i think the universal health care has, does not -- >> you're humoring me, ro. i no know that. >> you're aware that the big incentive for medical devices is ireland, not...
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Mar 6, 2012
03/12
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i don't think motivating the base, the republican base, the tea party folks, against president obama in november, i don't think that's going to be much of a challenge. the problem is that the republican party has moved so far to the right and the dialogue of these debates has moved so far to the right that independent voters is where they've hurt themselves. and if you look, there's a new poll out this morning, the abc/"washington post" that shows that among independents romney has a favorable of 60 and an unfavorable of 29. but among independents, it's 32 favorable, 48 unfavorable. the damage is among the independents and not the base. >> but, charlie, i've always been betting that eventually romney gets the nomination and then he comes -- he tries to come back to the middle. but then i would imagine the calculus, the political anxiety becomes, does that only add to the sort of flip-flopping rhetoric that you hear around him? >> well, there is the danger of that, but the thing is i don't think a lot of us counted on romney having to run this far this long to the right, go that dista
i don't think motivating the base, the republican base, the tea party folks, against president obama in november, i don't think that's going to be much of a challenge. the problem is that the republican party has moved so far to the right and the dialogue of these debates has moved so far to the right that independent voters is where they've hurt themselves. and if you look, there's a new poll out this morning, the abc/"washington post" that shows that among independents romney has a...
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Aug 28, 2012
08/12
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the obama is not seeking to have states gut the work requirement. he is giving them flexibility which they asked for including republican governors, and so you get a lot of debate about why are they putting anthony ad if it's fundamentally not true. >> but then again there's a lot of nuance here. i looked into it. i read a lot of pieces on it. even political scientist, new york university said it doesn't obviously single-handedly cripple the work requirement but in his word it has opened the door to changes in welfare reform that could destroy it from within. another says you have to assume that bureaucrats, the intention is stated that it's not to change work requirements but gives bureaucrats the leeway to do just about anything they want to do. >> reporter: you can make the requirement it will result in anything. >> again -- >> reporter: remember governors including romney have sought flexibility from some of the restrictions of the law themselves. >> i'll ask trump about this. chris is mad about that throwaway line about being born in mulch and
the obama is not seeking to have states gut the work requirement. he is giving them flexibility which they asked for including republican governors, and so you get a lot of debate about why are they putting anthony ad if it's fundamentally not true. >> but then again there's a lot of nuance here. i looked into it. i read a lot of pieces on it. even political scientist, new york university said it doesn't obviously single-handedly cripple the work requirement but in his word it has opened...